Alliancebernstein L.P. Has $16 Million Stake in Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Alliancebernstein L.P. trimmed its position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 982,126 shares of the bank’s stock after selling 31,524 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of Citizens Community Bancorp worth $15,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC acquired a new position in shares of Citizens Community Bancorp during the 3rd quarter worth about $48,000. Geode Capital Management LLC grew its holdings in Citizens Community Bancorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock valued at $1,476,000 after buying an additional 1,732 shares during the last quarter. Ritholtz Wealth Management bought a new position in Citizens Community Bancorp in the 4th quarter worth approximately $240,000. Empowered Funds LLC lifted its holdings in shares of Citizens Community Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 59,332 shares of the bank’s stock worth $967,000 after buying an additional 1,100 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Citizens Community Bancorp during the fourth quarter worth approximately $226,000. 55.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Citizens Community Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $13.00 on Wednesday. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $15.17. The company has a market cap of $129.87 million, a price-to-earnings ratio of 9.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. Citizens Community Bancorp, Inc. has a 52-week low of $10.14 and a 52-week high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Citizens Community Bancorp had a return on equity of 7.87% and a net margin of 13.79%. Equities research analysts anticipate that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current year.

Citizens Community Bancorp Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a yield of 2%. This is an increase from Citizens Community Bancorp’s previous annual dividend of $0.32. Citizens Community Bancorp’s payout ratio is currently 27.07%.

Citizens Community Bancorp Profile

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.